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Monopolistic competition refers to the the exclusive possession or control of the supply or trade in a commodity or service.
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I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.
There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.
discriminating possible and profiable
Monopolistic competition refers to the the exclusive possession or control of the supply or trade in a commodity or service.
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Burton A. Zorn has written: 'Business under the new price laws' -- subject(s): Price discrimination, Unfair Competition
Monopoly Island
Under the Boardwalk The Monopoly Story - 2010 is rated/received certificates of: USA:G (certificate #46320)
B. Discrimination on the basis of race or national origin.
I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.
There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.
monopoly
If a company holds a monopoly, consumers are focred to pucharse its goods and services. As consumers do not have an alternative, the company can charge higher and higher prices without losing its customers (becuase they don't have anywhere else to go!).